Bill could exempt sales tax on cars at least 10 years old
Buying an older car could become more economical in Missouri.
A state senator filed a bill Thursday that would exempt decade-old cars from sales taxes on the titling of the motor vehicle. Under the bill, a 2004 model bought in 2014 would be exempted from sales taxes.
The measure is sponsored by Republican Sen. Mike Parson, of Bolivar. He says that some people can't afford new cars, and that vehicles in service for 10 years have already had taxes paid on them. It has not yet been referred to a Senate committee.